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LSE - LSE Delayed Price. Currency in USD
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  • Barrons.com2 months ago

    UPDATED: Russia ETF Sinks, Sberbank Up On Earnings

    UPDATED: Adds attorney general's recusal, updated performance data and emerging markets exchange-traded fund performance. Russia's state-controlled Sberbank Rossia (SBRCY) climbed 1.4% Thursday after it reported record net profits in 2016 on the back of stronger oil prices and economic recovery. Sberbank's net profit reached 541.9 billion rubles ($9.3 billion) in 2016, and fourth quarter net profit of 141.8 billion rubles was well above the 117 billion rubles analysts projected, Reuters reports, adding: Sberbank's "net interest margin rose to 6.1 percent from 5.8 percent in the third quarter, while its cost of risk fell to 1.2 percent from 2.1 percent.

  • Reuters3 months ago

    Russia approves privatisation plan aimed at raising 17 bln rbls

    The Russian government on Thursday approved a privatisation programme for 2017-2019 aimed at plugging holes in the state budget, which has been hurt by weak oil prices and the impact of Western sanctions, a government spokesman said. Russian Prime Minister Dmitry Medvedev, speaking at a government meeting, said he expected the budget to receive 17 billion roubles ($285.30 million) over the 2017-19 period thanks to the privatisation of state assets. The plan envisages the state reducing its stake in VTB , Russia's No. 2 bank, to 25 percent plus one share within three years.

  • Bloomberg4 months ago

    Tech Hires See Russia’s Sberbank Catching Up on Big Data

    Russia’s biggest bank is paying up to keep the nation’s best tech talent from emigrating to Silicon Valley. To analyze 135 million customers, it needs the power of big data.Sberbank PJSC, which holds 46 ...